Forex News

UK GDP rises to 0.6% with service industries making the greatest contribution The rise in UK GDP to 0.6% was in line with the majority of economists' predictions when polled on the subject. However, the most dynamic number in the data came in the 'swing' – UK GDP is currently 1.4% higher versus this time […]

As Asian Markets Hit A Six Week High France Declares Its Recession Over… Bullish talk regarding the Chinese economy from the Chinese premier Li Keqiang and similar overtones from the Japanese government after Sunday's election result, caused a share rally in the Asian-Pacific markets in the overnight/early morning trading session. Li Kegiang allayed fears that

Are The Eurozone's issues returning by stealth? Despite investors experiencing parabolically rising equities market indices over recent months, many of the issues that brought the Eurozone to its economic knees during recent years have not disappeared or been dealt with, they've simply been air brushed from the narrative landscape. Therefore any discussion has been neatly

Greek Government Approves Latest Austerity Measures As Protestors Dwindle As Greece's parliament approved their new batch of austerity measures, in order to receive their next tranche of funding from the troika, a new phenomena appears to have gripped Greece; public apathy… Only three thousand Greek's protested outside the Greek parliament building in Athens on Wednesday

Sterling rises as the UK's MPC are unanimous in their policy ideals Sterling reacted positively, by gaining circa 70 pips, as news broke that The Bank of England's monetary policy committee voted 9-0 against more monetary easing (Q.E.). The two members who voted for an increase in the last meeting, Paul Fisher and David Miles,

European car sales crash. Athens has been brought to a standstill this morning as Greek civil servants experience solidarity from many other workers during the one day general strike. As a grim reminder of how fragile Eurozone growth is, particularly in the manufacturing sector, we learned this morning that Europe's car sales have fallen to

Why calling the Chinese data "fake" is a mistake… There is a persistent rumour surrounding the data that is printed courtesy of China's official national statistics bureau. Many in the mainstream media persistently smear the publishers and the Chinese authorities, suggesting that the data is manipulated in order to paint a better picture of the

FOMC minutes and speech causes positive ripple-effects through world markets. The impact of Ben Bernanke's speech, given yesterday after the minutes of the last and latest FOMC meeting were published, the BOJ statements regarding Japanese stimulus combined with news that China will look towards means to re-ignite their economy after a spate of recent poor

BMW records record car sales as UK manufacturing collapses Yesterday's poor data, regarding exports and industrial growth in Germany, have been countered today with the news that BMW has posted record car sales in the first six months of the year due to strong growth in China and the US. The German car manufacturer sold

A troika 'deal' has been reached with Greece. Whilst that could be considered good news this revision to the original agreement terms and conditions has been put in place on the basis that Greece now will engage in a fresh round of public sector job cuts in order to meet its obligations to the country's